Rowland & Co. Investment Counsel ADV Continues to Hold Position in Starbucks Corporation (SBUX)

Rowland & Co. Investment Counsel ADV continued to hold its position in Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,421 shares of the coffee company’s stock at the close of the 2nd quarter. Rowland & Co. Investment Counsel ADV’s holdings in Starbucks were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SBUX. Jacobi Capital Management LLC increased its position in Starbucks by 2.7% during the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after purchasing an additional 50 shares during the period. IHT Wealth Management LLC increased its position in Starbucks by 10.2% during the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after purchasing an additional 187 shares during the period. Valley National Advisers Inc. increased its position in Starbucks by 2.8% during the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Starbucks during the 2nd quarter valued at approximately $128,000. Finally, Kings Point Capital Management increased its position in Starbucks by 22.5% during the 1st quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock valued at $135,000 after purchasing an additional 425 shares during the period. 71.07% of the stock is owned by institutional investors and hedge funds.

Starbucks Corporation (SBUX) opened at $58.61 on Monday. Starbucks Corporation has a twelve month low of $52.58 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The stock has a market capitalization of $83,390.00, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.60 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business earned $0.56 EPS. Starbucks’s quarterly revenue was down .2% compared to the same quarter last year. analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were issued a $0.30 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Wednesday, November 15th. Starbucks’s dividend payout ratio (DPR) is currently 60.91%.

In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total transaction of $170,850.00. Following the transaction, the senior vice president now directly owns 10,438 shares in the company, valued at approximately $594,444.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now owns 56,666 shares in the company, valued at $3,214,662.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 497,808 shares of company stock worth $28,559,521. 3.40% of the stock is owned by company insiders.

A number of analysts have weighed in on SBUX shares. Cowen reissued a “buy” rating and set a $63.00 target price on shares of Starbucks in a research report on Friday, September 1st. Mizuho restated a “buy” rating and set a $75.00 price target on shares of Starbucks in a report on Friday, September 29th. Deutsche Bank restated a “buy” rating and set a $67.00 price target on shares of Starbucks in a report on Monday, October 9th. Piper Jaffray Companies set a $70.00 price target on Starbucks and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Vetr cut Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target on the stock. in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Starbucks has an average rating of “Buy” and a consensus price target of $63.26.

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About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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